BYND Total Current Assets vs Short Long Term Debt Total Analysis

BCAN Stock

USD 8.00 0.20 2.44%

BYND Cannasoft financial indicator trend analysis is way more than just evaluating BYND Cannasoft Enter prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BYND Cannasoft Enter is a good investment. Please check the relationship between BYND Cannasoft Total Current Assets and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Current Assets vs Short Long Term Debt Total

Total Current Assets vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BYND Cannasoft Enter Total Current Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between BYND Cannasoft's Total Current Assets and Short Long Term Debt Total is -0.67. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of BYND Cannasoft Enterprises, assuming nothing else is changed. The correlation between historical values of BYND Cannasoft's Total Current Assets and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of BYND Cannasoft Enterprises are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Current Assets i.e., BYND Cannasoft's Total Current Assets and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Long Term Debt Total

Most indicators from BYND Cannasoft's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BYND Cannasoft Enter current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of the 25th of November 2024, Sales General And Administrative To Revenue is likely to grow to 2.92, while Selling General Administrative is likely to drop about 1.7 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	55.9K	33.1K	93.4K	53.7K
Income Tax Expense	35.4K	6.3K	28.2K	33.7K

Depreciation And Amortization Income Tax Expense

BYND Cannasoft fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Total Liab	Short Term Debt
Other Current Liab		0.85	0.75	0.62	-0.89	0.44	-0.73	-0.14	0.52	0.34	0.74	0.64	0.5	-0.43	0.48	-0.22	-0.64	0.56	0.49	0.1	0.56	-0.39	0.94	-0.13	0.83	-0.57
Total Current Liabilities	0.85		0.77	0.37	-0.6	0.72	-0.73	-0.15	0.24	0.21	0.53	0.37	0.44	-0.15	0.43	-0.07	-0.42	0.41	0.45	-0.04	0.41	-0.22	0.66	-0.2	0.8	-0.46
Other Liab	0.75	0.77		0.82	-0.77	0.32	-0.97	0.43	0.68	0.77	0.78	0.81	0.75	-0.58	0.74	0.32	-0.86	0.88	0.71	-0.33	0.88	0.24	0.72	0.3	0.61	-0.9
Net Tangible Assets	0.62	0.37	0.82		-0.87	-0.18	-0.82	0.51	0.8	0.88	0.91	1.0	0.82	-0.85	0.82	0.4	-0.99	0.96	0.78	-0.4	0.96	0.3	0.77	0.36	0.41	-0.96
Retained Earnings	-0.89	-0.6	-0.77	-0.87		-0.04	0.74	-0.07	-0.69	-0.59	-0.91	-0.88	-0.71	0.76	-0.7	0.0	0.86	-0.78	-0.69	0.09	-0.78	0.18	-0.98	-0.03	-0.74	0.77
Accounts Payable	0.44	0.72	0.32	-0.18	-0.04		-0.37	-0.15	0.01	-0.12	-0.11	-0.17	-0.19	0.52	-0.21	-0.35	0.08	-0.05	-0.19	0.34	-0.06	-0.33	0.19	-0.05	0.47	0.01
Net Receivables	-0.73	-0.73	-0.97	-0.82	0.74	-0.37		-0.48	-0.7	-0.79	-0.77	-0.82	-0.71	0.48	-0.71	-0.36	0.87	-0.87	-0.67	0.35	-0.87	-0.29	-0.7	-0.35	-0.52	0.92
Other Current Assets	-0.14	-0.15	0.43	0.51	-0.07	-0.15	-0.48		0.68	0.84	0.14	0.48	0.23	-0.28	0.24	0.51	-0.56	0.64	0.16	-0.29	0.64	0.71	-0.03	0.93	-0.3	-0.61
Other Stockholder Equity	0.52	0.24	0.68	0.8	-0.69	0.01	-0.7	0.68		0.87	0.54	0.8	0.36	-0.57	0.35	0.01	-0.85	0.84	0.28	0.11	0.84	0.09	0.65	0.74	0.31	-0.77
Total Current Assets	0.34	0.21	0.77	0.88	-0.59	-0.12	-0.79	0.84	0.87		0.63	0.87	0.64	-0.67	0.64	0.49	-0.91	0.95	0.57	-0.37	0.95	0.54	0.47	0.73	0.17	-0.93
Common Stock	0.74	0.53	0.78	0.91	-0.91	-0.11	-0.77	0.14	0.54	0.63		0.92	0.91	-0.82	0.91	0.37	-0.88	0.81	0.9	-0.48	0.81	0.16	0.83	-0.05	0.57	-0.85
Property Plant Equipment	0.64	0.37	0.81	1.0	-0.88	-0.17	-0.82	0.48	0.8	0.87	0.92		0.82	-0.85	0.82	0.37	-0.99	0.95	0.77	-0.38	0.95	0.27	0.79	0.34	0.43	-0.95
Total Assets	0.5	0.44	0.75	0.82	-0.71	-0.19	-0.71	0.23	0.36	0.64	0.91	0.82		-0.81	1.0	0.66	-0.79	0.79	1.0	-0.75	0.79	0.45	0.57	-0.05	0.44	-0.84
Short Long Term Debt Total	-0.43	-0.15	-0.58	-0.85	0.76	0.52	0.48	-0.28	-0.57	-0.67	-0.82	-0.85	-0.81		-0.81	-0.36	0.8	-0.79	-0.79	0.4	-0.79	-0.22	-0.62	-0.13	-0.39	0.74
Total Stockholder Equity	0.48	0.43	0.74	0.82	-0.7	-0.21	-0.71	0.24	0.35	0.64	0.91	0.82	1.0	-0.81		0.67	-0.78	0.79	1.0	-0.76	0.79	0.47	0.56	-0.05	0.42	-0.84
Property Plant And Equipment Net	-0.22	-0.07	0.32	0.4	0.0	-0.35	-0.36	0.51	0.01	0.49	0.37	0.37	0.66	-0.36	0.67		-0.36	0.43	0.65	-0.96	0.43	0.95	-0.17	0.16	-0.31	-0.52
Net Debt	-0.64	-0.42	-0.86	-0.99	0.86	0.08	0.87	-0.56	-0.85	-0.91	-0.88	-0.99	-0.79	0.8	-0.78	-0.36		-0.98	-0.73	0.34	-0.98	-0.29	-0.77	-0.44	-0.44	0.97
Cash	0.56	0.41	0.88	0.96	-0.78	-0.05	-0.87	0.64	0.84	0.95	0.81	0.95	0.79	-0.79	0.79	0.43	-0.98		0.74	-0.38	1.0	0.38	0.68	0.5	0.44	-0.99
Non Current Assets Total	0.49	0.45	0.71	0.78	-0.69	-0.19	-0.67	0.16	0.28	0.57	0.9	0.77	1.0	-0.79	1.0	0.65	-0.73	0.74		-0.76	0.74	0.42	0.56	-0.14	0.45	-0.79
Non Currrent Assets Other	0.1	-0.04	-0.33	-0.4	0.09	0.34	0.35	-0.29	0.11	-0.37	-0.48	-0.38	-0.75	0.4	-0.76	-0.96	0.34	-0.38	-0.76		-0.38	-0.83	0.07	0.09	0.17	0.49
Cash And Short Term Investments	0.56	0.41	0.88	0.96	-0.78	-0.06	-0.87	0.64	0.84	0.95	0.81	0.95	0.79	-0.79	0.79	0.43	-0.98	1.0	0.74	-0.38		0.38	0.68	0.5	0.43	-0.99
Common Stock Shares Outstanding	-0.39	-0.22	0.24	0.3	0.18	-0.33	-0.29	0.71	0.09	0.54	0.16	0.27	0.45	-0.22	0.47	0.95	-0.29	0.38	0.42	-0.83	0.38		-0.34	0.42	-0.48	-0.45
Non Current Liabilities Total	0.94	0.66	0.72	0.77	-0.98	0.19	-0.7	-0.03	0.65	0.47	0.83	0.79	0.57	-0.62	0.56	-0.17	-0.77	0.68	0.56	0.07	0.68	-0.34		-0.02	0.79	-0.67
Inventory	-0.13	-0.2	0.3	0.36	-0.03	-0.05	-0.35	0.93	0.74	0.73	-0.05	0.34	-0.05	-0.13	-0.05	0.16	-0.44	0.5	-0.14	0.09	0.5	0.42	-0.02		-0.26	-0.44
Total Liab	0.83	0.8	0.61	0.41	-0.74	0.47	-0.52	-0.3	0.31	0.17	0.57	0.43	0.44	-0.39	0.42	-0.31	-0.44	0.44	0.45	0.17	0.43	-0.48	0.79	-0.26		-0.41
Short Term Debt	-0.57	-0.46	-0.9	-0.96	0.77	0.01	0.92	-0.61	-0.77	-0.93	-0.85	-0.95	-0.84	0.74	-0.84	-0.52	0.97	-0.99	-0.79	0.49	-0.99	-0.45	-0.67	-0.44	-0.41

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BYND Cannasoft Account Relationship Matchups

BYND Cannasoft fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	244.9K	366.5K	74.7K	107.5K	654.6K	687.4K
Total Current Liabilities	626.1K	898.5K	259.9K	458.3K	887.0K	625.7K
Retained Earnings	(15.4K)	(273.6K)	(5.2M)	(6.8M)	(25.3M)	(24.0M)
Accounts Payable	147.9K	346.5K	105.9K	40.2K	157.7K	119.9K
Net Receivables	206.3K	136.4K	131.2K	136.3K	119.1K	129.1K
Other Current Assets	96.5K	104.5K	2.6M	916.1K	77.4K	73.5K
Total Current Assets	603.7K	803.9K	5.7M	3.4M	3.3M	2.7M

Pair Trading with BYND Cannasoft

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BYND Cannasoft position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BYND Cannasoft will appreciate offsetting losses from the drop in the long position's value.

Moving against BYND Stock

0.66	QH	Quhuo	Pair Corr
0.64	DUOL	Duolingo	Pair Corr
0.6	U	Unity Software Trending	Pair Corr
0.59	DT	Dynatrace Holdings LLC	Pair Corr
0.5	BL	Blackline	Pair Corr

The ability to find closely correlated positions to BYND Cannasoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BYND Cannasoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BYND Cannasoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BYND Cannasoft Enterprises to buy it.

The correlation of BYND Cannasoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BYND Cannasoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYND Cannasoft Enter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for BYND Cannasoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether BYND Cannasoft Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BYND Cannasoft's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bynd Cannasoft Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bynd Cannasoft Enterprises Stock:

How To Invest In BYND

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Is BYND Stock a good investment?

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What is BYND Cannasoft's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BYND Cannasoft. If investors know BYND will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(971.90)

Revenue Per Share

7.624

Quarterly Revenue Growth

0.617

Return On Assets

(0.14)

Return On Equity

(1.69)

The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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BYND Total Current Assets vs Short Long Term Debt Total Analysis

Total Current Assets vs Short Long Term Debt Total

Total Current Assets vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Total Current Assets

Short Long Term Debt Total

BYND Cannasoft fundamental ratios Correlations

BYND Cannasoft Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BYND Cannasoft fundamental ratios Accounts

Pair Trading with BYND Cannasoft

Moving against BYND Stock

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Property Plant Equipment	+ 1.0	Net Tangible Assets
Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 0.97	Net Debt

Short Term Debt	- 0.99	Cash And Short Term Investments
Short Term Debt	- 0.99	Cash
Net Debt	- 0.99	Property Plant Equipment
Net Debt	- 0.99	Net Tangible Assets
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt